The MSV Whole of Life Plan is a simple life insurance policy which pays a lump sum on death whenever it may occur. It has been designed to help you protect your family from the financial costs arising on death, such as funeral expenses, taxes and other duties, but can also be used to help maintain your family’s lifestyle or simply to leave as a legacy.
Your Plan will pay out a lump sum (the “Death Benefit”) when a person insured by it dies, whenever this occurs. The Plan will end after the Death Benefit has been paid.
The Plan also offers the option to designate one or more beneficiaries to ensure that it pays out quickly and directly to the people you want the money to go to.
Moreover, the Funeral Expenses Benefit is a free benefit which offers the beneficiaries the option to receive part of the Death Benefit immediately to cover funeral expenses, up to a maximum of €2,500.
|Type||- Whole of Life Protection|
|Minimum Premium||- €18 monthly|
|Age of insured person||- Between 18 and 70|
|Period of cover||- Whole of Life|
|Number of insured persons||- 1 or 2, with the option of paying out after both persons die|
|Standard Benefits||- Death Benefits- Funeral Expenses Benefit|
|Additional Benefits||- Accidental Death- Permanent Total Disability- Critical Illness|